Guyver's trading journal - page 44
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USDCAD update
There has been very less going on right now
I have closed 1 position before already while one sits at 0.9855
from the chart it can be noticed that MACD of 1 HR is still trending up so possibly there is some more upmove left while we are above the pivot level at
0.9866 .
current 0.9887
Alright so alarming sound perhaps since it is comming back.
This is how i am treating this currently.
1. I have a defined Sl which is in it's place.
2. Out of 2 lots 1 is gone and 1 is waiting so total loss is already calculated.
3. Profit targets are known in advance, unless i have a new signal to stop the trade etc.
4. It's all about Numbers & Pattern Probabilty stuff , If this doesn't work there will be another trade.
From the technical point of view however MACD of 1 hr still holding above "0" and price above our pivot 0.9866.
New Chart Attached.
Alright so alarming sound perhaps since it is comming back.
This is how i am treating this currently.
1. I have a defined Sl which is in it's place.
2. Out of 2 lots 1 is gone and 1 is waiting so total loss is already calculated.
3. Profit targets are known in advance, unless i have a new signal to stop the trade etc.
4. It's all about Numbers & Pattern Probabilty stuff , If this doesn't work there will be another trade.
From the technical point of view however MACD of 1 hr still holding above "0" and price above our pivot 0.9866.
New Chart Attached.Interestingly it missed me by 1 pips 0.9856 was the low .
Interestingly it missed me by 1 pips 0.9856 was the low .
stopped out on this one for -40 pips.
Eurusd
short EURUSD @ 1.5216 sl 1.5260
short EURUSD @ 1.5216 sl 1.5260
Although as trying to be a good trader i should forget about it but USDCAD has left some ok a little pain behind as i was not watching it further after it took me out i think there is a problem here because i had too many charts open i have decided to reduce the currencies down to just 4
1. EURUSD
2. GBPUSD
3. EURJPY
4. USDJPY
Even this could be too much but let me put this way first.
----------
Current short EURUSD 1.5216 sl 1.5260 x1.
Gbpusd
Although as trying to be a good trader i should forget about it but USDCAD has left some ok a little pain behind as i was not watching it further after it took me out i think there is a problem here because i had too many charts open i have decided to reduce the currencies down to just 4
1. EURUSD
2. GBPUSD
3. EURJPY
4. USDJPY
Even this could be too much but let me put this way first.
----------
Current short EURUSD 1.5216 sl 1.5260 x1.GPUSD short @ 1.9848
sl 1.9895
closed EUR 1.5158.
Gbpusd
Brought last stop to 1.9812.
re-short gbpusd 1.9768 sl 1.9812
Brought last stop to 1.9812. re-short gbpusd 1.9768 sl 1.9812
i have closed opened at 1.9768 to 1.9729 +39 pips